Bro, check it, $BANK, I just seriously analyzed it it could go either way tomorrow, but bottom line, if it closes the week below 1645, basically today's close, that's right, they ran it right up to resistance there too. If it closes the week lower fin's are hosed. Right now it's fin's, oil, weak dollar, and absent volume that is taking the market up. That harmonic convergence won't last!!! looking for tomorrow to be a moderate to big down day, followed by sideways into thurs, big dump then
That is not a reason for the market to go down. Just because it's been going up for 9 weeks, now it has to go down? That sounds like a four letter word that begins with H to me. HOPE. The bear market lasted from Dec. of 07 until March of 09. Trends can last for a very long time. Don't keep adding to a losing position. Come on now! You know better than to average down! that is what buy and holders do.
Big Wet, there is a confirmed double bottom on the NASDAQ. The first bottom occurring on Nov. 11th, 2008 & the second bottom occurring March 9th, 2009. The pattern was confirmed on April 24 when we closed above 1,665. This is a clear reversal pattern of the bear trend. If the pattern holds up like it is supposed to, it now has a profit target of 2,035 within the next 3 months (since that is the time it took the pattern to form). Also we closed above the 200 day on the NAZ today.
Stay the course man. I've been hanging onto my FAZ for the past 3 weeks, kept on adding. I'm almost out of bullets. Anxious as hell. But Its gotta break down soon. The Elliot wave newsletter says we are going to 9000-10000 before the next leg down. But I don't think so. We are going on 9 weeks. It can't hold up
Bro, check it, $BANK, I just seriously analyzed it it could go either way tomorrow, but bottom line, if it closes the week below 1645, basically today's close, that's right, they ran it right up to resistance there too. If it closes the week lower fin's are hosed. Right now it's fin's, oil, weak dollar, and absent volume that is taking the market up. That harmonic convergence won't last!!! looking for tomorrow to be a moderate to big down day, followed by sideways into thurs, big dump then
3dbeing 2 years ago
That is not a reason for the market to go down. Just because it's been going up for 9 weeks, now it has to go down? That sounds like a four letter word that begins with H to me. HOPE. The bear market lasted from Dec. of 07 until March of 09. Trends can last for a very long time. Don't keep adding to a losing position. Come on now! You know better than to average down! that is what buy and holders do.
elwalvador 2 years ago
Big Wet, there is a confirmed double bottom on the NASDAQ. The first bottom occurring on Nov. 11th, 2008 & the second bottom occurring March 9th, 2009. The pattern was confirmed on April 24 when we closed above 1,665. This is a clear reversal pattern of the bear trend. If the pattern holds up like it is supposed to, it now has a profit target of 2,035 within the next 3 months (since that is the time it took the pattern to form). Also we closed above the 200 day on the NAZ today.
elwalvador 2 years ago
Stay the course man. I've been hanging onto my FAZ for the past 3 weeks, kept on adding. I'm almost out of bullets. Anxious as hell. But Its gotta break down soon. The Elliot wave newsletter says we are going to 9000-10000 before the next leg down. But I don't think so. We are going on 9 weeks. It can't hold up
zerosleep73 2 years ago